Homeownership Assistance Program (Community Homebuyers Corporation)

Homeownership Assistance Program (Community Homebuyers Corporation) es un préstamo condonable para compradores de vivienda en South Bend, Indiana, a cargo de Community Homebuyers Corporation (CHC), in partnership with the City of South Bend. Community Homebuyers Corporation, a nonprofit created by the City of South Bend and seven local financial institutions, helps first-time buyers purchase within South Bend city limits. Qualified buyers receive a CHC mortgage plus a federally funded grant structured as a forgivable second mortgage equal to 20% of the purchase price, forgiven ratably over five years. Income must be at/below 80% AMI, the purchase price cannot exceed $175,000, and buyers must have at least $2,000 in cash savings. Forgivable grant equal to 20% of purchase price. 0% second mortgage forgiven over 5 years. Affordable CHC first mortgage. Free HUD-certified counseling and post-purchase support. Serves South Bend first-time buyers. Los fondos provienen de Federal HOME funds provided to CHC by the City of South Bend; seven local financial institutions partner on the program.

Homeownership Assistance Program (Community Homebuyers Corporation) ofrece una ayuda equivalente al 20% del precio de compra, según lo fija el programa. El programa pide a los compradores de vivienda aportar $2,000 minimum cash savings. Los montos son los máximos publicados por el programa, no una oferta: Community Homebuyers Corporation (CHC), in partnership with the City of South Bend determina cualquier ayuda individual.

Homeownership Assistance Program (Community Homebuyers Corporation) se perdona después de 5 años, así que un comprador de vivienda que se quede ese tiempo no lo devuelve. La ayuda se registra con un gravamen en posición Second. Los términos de condonación y reembolso los fija el programa y pueden cambiar; confírmalos en la página oficial del programa antes de presentar la solicitud.

Homeownership Assistance Program (Community Homebuyers Corporation) está abierto a compradores de vivienda por primera vez y compradores de vivienda que vivirán en la vivienda como su residencia principal. “Primera vez” tiene excepciones aquí: Exceptions: owns a mobile home; displaced by legal situation; relocated to the area; not owned a home in 3 years; or foreclosure with extenuating circumstances. Sobre el crédito, el programa indica: Determined via CHC mortgage application and HUD-approved counseling. Se requiere un curso de educación para compradores de vivienda, a través de One-on-one HUD-approved pre-purchase counseling plus six post-purchase training sessions with the City of South Bend Housing Counseling Agency. Requisito de residencia: Owner-occupied single-family unit (condos eligible) within South Bend city limits. No signed purchase agreement at application; minimum $2,000 cash savings; pre-purchase counseling plus on-time payments and post-purchase sessions; live in home 5 years for full forgiveness; max price $175,000; CHC inspection required.

Homeownership Assistance Program (Community Homebuyers Corporation) limita el ingreso del hogar al 80% del ingreso mediano del área, que varía según el condado y el tamaño del hogar. Household income may not exceed 80% of area median income adjusted for household size (CHC 2025 income eligibility chart). El límite se aplica al ingreso total del hogar, no solo al del prestatario. Las cifras del ingreso mediano del área las publica HUD y se actualizan cada año, así que consulta la tabla vigente del condado antes de basarte en una cifra.

Homeownership Assistance Program (Community Homebuyers Corporation) limita el precio de compra a $175,000. Los tipos de propiedad elegibles incluyen Single-family y Condominium. Las viviendas prefabricadas no son elegibles.

Homeownership Assistance Program (Community Homebuyers Corporation) atiende a compradores de vivienda que compran en South Bend, Indiana. El programa se dirige a áreas específicas: Geographically limited to within the city limits of South Bend.

Las solicitudes de Homeownership Assistance Program (Community Homebuyers Corporation) se tramitan a través de Community Homebuyers Corporation (CHC), in partnership with the City of South Bend, que publica los términos vigentes y los pasos de la solicitud en su propio sitio. Los fondos se reservan a través de Direct application to CHC (no signed purchase agreement allowed at application). Hey Prescott no es un prestamista y no acepta solicitudes; esta página describe el programa para que un comprador de vivienda pueda llevarlo a un prestamista o a un asesor de vivienda.